Stablecoin Cashio on Solana exploited for $28 million in 'infinite mint glitch'

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Stablecoin Cashio on Solana exploited for $28 million in 'infinite mint glitch' (via Timccopeland)

"Please do not mint any CASH. There is an infinite mint glitch. We are investigating the issue and we believe we have found the root cause. Please withdraw your funds from pools. We will publish a postmortem ASAP,"An infinite mint glitch is where a protocol is mistakenly designed in such a way that allows a user to mint as many tokens as they would like, typically without providing any collateral that might otherwise be needed.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

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Wow SOL keeps taking Ls

50M

Wow.. $sol really is soo much better than $ada

As long as this is institutionally owned and tied to isda swaps contracts, it will always have 'glitches'..

RealWillyBot Timccopeland Blockchain 0days are profitable.

Timccopeland web3isgreat

Timccopeland Another example why $BMI Bridge_Mutual is needed.

Timccopeland Wow something other than flash loans for once.

Timccopeland Algorithmic stablecoins are unreliable, stay away from them.Hoo

Timccopeland infinite mint and they only got away with $28 million ngmi

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Mango DAO Embraces SOL, Rejects BTC With $1M Treasury InvestmentDon’t tell saylor: The DAO behind Solana DeFi hub mangomarkets rejected a plan to invest part of its $USDC treasury in $BTC, choosing $SOL exposure instead. realDannyNelson reports saylor realDannyNelson saylor mangomarkets realDannyNelson Would be dope to have both SquadsProtocol saylor mangomarkets realDannyNelson ouch! an entire ONE MILLION DOLLARS
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